HACL(SH:600598)2016-04-27 16:00Financial Performance - Operating revenue decreased by 14.58% to CNY 543,959,517.13 year-on-year[6] - Net profit attributable to shareholders decreased by 44.55% to CNY 86,197,988.90 compared to the same period last year[6] - Operating profit for Q1 2016 was CNY 82,209,977.80, down 45.2% from CNY 150,142,864.41 in Q1 2015[25] - The company reported a basic and diluted earnings per share of CNY 0.048, down from CNY 0.087 in the previous year[26] - The company's net profit for Q1 2016 was CNY 97,817,291.55, a decrease from CNY 172,908,817.83 in the same period last year, representing a decline of approximately 43.4%[28] - Operating profit for Q1 2016 was CNY 98,150,387.28, down from CNY 173,024,308.97, indicating a decrease of about 43.3% year-over-year[28] Assets and Liabilities - Total assets increased by 20.53% to CNY 8,719,856,542.55 compared to the end of the previous year[6] - Total assets amounted to 87.20 billion yuan, an increase from 72.35 billion yuan in the previous period[19] - Total liabilities rose to CNY 2,724,337,781.70, up from CNY 1,321,342,978.43, indicating a significant increase of 106.5%[22] - Non-current liabilities totaled 20.68 million yuan, a decrease from 21.16 million yuan in the previous period[20] Cash Flow - Cash flow from operating activities increased by 35.24% to CNY 1,544,172,171.29 year-on-year[6] - Net cash flow from operating activities increased by 40.24 million yuan, a growth of 35.24%, attributed to faster collection of land contract fees and reduced procurement of agricultural materials[15] - Cash flow from operating activities generated a net amount of CNY 1,544,172,171.29, an increase of 35.3% compared to CNY 1,141,806,102.17 in the previous year[31] - Investment activities generated a net cash inflow of CNY 176,865,144.24, a significant improvement from a net outflow of CNY 559,476,641.43 in the same period last year[32] Shareholder Information - The number of shareholders reached 118,138 at the end of the reporting period[9] - The largest shareholder, Heilongjiang Beidahuang Agricultural Group, holds 64.14% of the shares[9] Expenses and Income - Sales expenses decreased by 5.33 million yuan, a decline of 34.48%, mainly due to the change in sales model from delivery to pickup, resulting in reduced transportation costs[14] - Financial expenses increased by 3.83 million yuan, primarily due to a decrease in bank deposit interest income[14] - Investment income increased by 3.61 million yuan, a growth of 4650.64%, mainly due to increased returns from government bond reverse repurchase transactions[14] - Other income increased by 244,900 yuan, a growth of 37.89%, mainly due to subsidies received for soil testing and fertilization[14] - Other expenses increased by 468,400 yuan, a growth of 107.73%, primarily due to tax penalties and late fees from tax self-inspection[14] Cash and Equivalents - Cash and cash equivalents increased by 241.33% to CNY 243,419,360.00 compared to the beginning of the year[12] - Total cash and cash equivalents at the end of Q1 2016 reached CNY 1,934,193,615.41, compared to CNY 1,892,741,065.00 at the end of the previous year, showing a slight increase[32] Inventory and Prepayments - Inventory decreased to CNY 217,162,387.84 from CNY 281,506,688.87, a reduction of 22.8%[21] - Prepayments increased by 178.57% to CNY 156,563,740.00 due to land contract fees collected[13]